Vietnam Business Briefs November 12, 2012

* Hoa Binh Rubber Company (HRC) has announced November 20 as the ex-dividend date to advance 2012 first round dividend in cash for share-holders at 15 percent.

* Asia Commercial Bank has issued gold mobilization certificates with terms of four, five and six months and interest rates from 0.8 percent to 1.8 percent per annum.

* Ba Ria-Vung Tau House Development Company (HDC) has launched the sale of 20 villas of Doi Ngoc Tuoc II project.

* Petroleum Technical Services Corporation (PVS) obtained VND883 billion in after- tax profit as of the end of September, a 26 percent year-on-year increase.

* Vietnam Investment Fund II Limited has sold 756,000 shares of Saigon Plastic Packaging Company (SPP), or a 6.3 percent stake in the enterprise.

* Dai Thien Loc Company (DTL) has decided to dissolve a mechanical engineering and construction factory and a steel production complex in Binh Duong Province due to poor operations.

* Vinaconex Corporation has offloaded 1.2 million shares of Vinaconex 6 Company (VC6) to reduce its ownership from 51 percent to 36 percent.

* Phu Hung Securities Company (PHS) has got approval to float an additional 4.7 million shares on the northern bourse.

* Educational Book Company in Hanoi City (EBS) has sold over 188,000 treasury shares.

* Spinnaker Global Emerging Markets Fund Ltd has sold over 3.1 million shares of Ninh Van Bay Real Estate Company (NVT)” or a 5.2 percent stake in the enterprise.

* Construction Investment Corporation 3-2 (C32) obtained VND84.8 billion in revenue and VND11 billion in after-tax profit in the third quarter of this year, falling by 5 percent and 13 percent against 2011 respectively.

* Thai Duong Trade and Construction Joint Stock Company will continue to carry out the Bac Lieu commercial center projecting the Mekong Delta province of Bac Lieu. Work started on the project in 1995 but has yet to be completed as site clearance is unfinished.

* Individual investor Lam Quang Thai has acquired 500,000 shares of Thanh Cong Textile Garment Investment Trading Company (TCM) to raise his ownership from 5.9 percent to 7 percent.

* PetroVietnam Gas Corporation (PV Gas) and PetroVietnam Technical Services Corporation (PTSC) have signed an engineering, procurement and construction CEPC) contract to gather and transport gas from Ham Rong and Thai Binh fields to provide gas for Tien Hai Industrial Park in the northern province of Thai Binh

* HCM City Finance and Investment Company will buy 850,000 shares of HCM City Infrastructure Investment

Company (ClI) within one month starting from November 12.

* Red Dragon Co. has finally been licensed to export a chili shipment to Europe by plane after six months of suspension as the Plant Protection Department in May stopped licensing exports of five vegetables due to plant protection drug residues

* Chin Chin Nui Joint Stock Company and Dat Xanh Group will launch a villa sale in the Sunset Sanato project on Phu Quoc Island, Kien Giang Province next month

* Thien Nam Investment and Development Joint Stock Company and China-based Sunrise Textiles Co. have established a $24- million joint venture, Thien Nam Sunrise Textile Co. The facility in Nam Dinh Province’s Bao Minh Industrial Park will be operational in 12 months.

* Worldtech Transfer Investment Joint Stock Company has been licensed to develop a photovoltaic cell plant in Phong Dien Industrial Park, Thua Thien-Hue Province. The project, carried out in coordination with UAE’s Global Sphere, is scheduled for completion in May 2015 and requires an investment of $300 million in the first phase.

* Vietnam Satellite Television Company (VSTV) is offering a 50 percent discount for customers buying the pay TV package Access+ off pay satellite TV network K+ from now until February 9. Specifically, customers registering during this period will pay only VND750,000 instead of VND1.5 million. The package has 58 channels and a monthly fee of VND65,000.

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